Schilacy's Taxes

✨️ IRS TRANSCRIPT CODES ✨️

✨️️091 – Revocation of being taxed as a small business. This is related to entity tax classification, not personal refunds.

🚨️177 – Abatement of estimated tax penalty. The IRS removed a penalty that was previously assessed.

🚨️424 – Examination request. Your return was referred to IRS Examination or Appeals

🚨️425 – Examination reversed. The prior 424 review was closed or 091 – Revocation of being taxed as a small business. This is related to entity tax classification, not personal refunds.

✨️️570 – Refund hold. The IRS needs to review something before releasing your refund.

💰768 – Earned Income Credit (EITC) applied to the account.

🚨️810 – Refund freeze. This is more serious and usually involves suspected issues that require review before any refund can be released.

🚨️811 – Refund freeze reversed. The IRS lifted the freeze after reviewing the issue.

🚨️826 – Part or all of your refund was taken to pay a debt (offset). This can be child support, student loans, prior tax debt, etc.

💰846 – Refund approved. This means the IRS has issued your refund or scheduled it.

🚨971 – Notice issued. This usually explains why there is a hold or what additional information is needed. Often paired with code 570.

Important: Transcript codes aren't random& they don’t mean to “panic.” They tell you exactly where your return is in the process. Always read the codes together, not in isolation!! Thanks Schilacy's Taxes LLC

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